Jungheung Group "Early Payment of Construction Fees to Partners Before Seollal Holiday"

by Han Jinjoo

Published 29 Jan.2024 13:46(KST)

Scheduled for Early Payment of 130 Billion Won in Cash

Jungheung Group has decided to make an early payment of 130 billion KRW in construction fees to its partner companies before the Lunar New Year holiday.

Jungheung Group "Early Payment of Construction Fees to Partners Before Seollal Holiday"

On the 29th, Jungheung Group announced that Jungheung Construction and Jungheung Togeon will make an early cash payment of 130 billion KRW in construction fees to ensure smooth financial operations for their partner companies.

Jungheung Construction explained, "Despite various difficulties such as the social atmosphere and the downturn in the construction industry, we are proceeding with early payments to continue mutual growth with our partner companies."

It is expected that partner companies working at over 40 construction sites nationwide will be able to smoothly pay their employees' wages and material costs. Jungheung Group also made an early payment of 140 billion KRW in construction fees before last year's Chuseok holiday.

Jungheung Group operates a program every year to discover excellent partner companies and provide various incentives and exemptions from contract performance guarantee insurance. They prioritize safety at construction sites as the top task and devote great effort to creating accident-free sites.